Tesla (TSLA) Teases Cybercab Update Ahead of Austin Event

Tesla (TSLA) is preparing to unveil its Cybercab driverless vehicle, teasing features like 'no steering wheel, no pedals' in a post on X. The announcement, made before an invite-only event in Austin on Thursday, follows a 5.4% rise in Tesla's stock during regular trading on that day. Currently, Tesla has over 200 'unsupervised' vehicles capable of operating without human drivers in specific geofenced areas. This update highlights Tesla's effort to compete with Waymo, which operates around 4,000 driverless vehicles across 14 U.S. cities, thus impacting investors interested in the robotaxi market.